A method to trade Shi-channel

Now looking at H1 for a 1-2-3 signal up.

This is not a good setup according to the rules, the 200 MA must be there too..

Oh yeah, I missed that bit... thanks

Hi vinaFX

I have been trying to understand your method as I recently also started to explore Shi indicator unlike the one you are using, there is no channel on mine (just arrows buy/sell signals). Your method is more defined and can be really helpful to me as a newbie trader. Thank you for sharing.

However, I do not understand the 123 criteria and is posting some charts for clarification.
1) Is the 123 criteria as shown in red arrows? If so, when do I enter, the next bar? If not...

2) Then is the 123 criteria the levels on upper/lower as shown on the pop-up Alert box that level 1 upper, level 2 upper and now waiting for level 3 upper to be hit as entry signal? Again where is the entry, the next bar or immediately when the alert appears? I noticed that the channels repaint.

On the H4 TF chart, price is above the EMA 200 but it is also on level 3 upper (but we need a lower band to enter the trade right?). So we go to H1 and wait for the price to go to the level 3 lower band for entry or just hit lower band and get back into the band (any level) will do?

3) What does the "not M5, not M15" mean? Sometimes it changes to "M5 Long".

4) Does the channels indicate trend direction in this case?

Thank you for your patience.

Hello,

Here is another version of the Shi-Channel indicator. It offers greater flexibility. One can be on a 1Hr TF and have the 4Hr Sci-Channel on the chart.

Enjoy.

Dear Vinafx
May I ask you a few question?
I saw you share your forex technique/strategy (the following link is a photo of your strategy)
http://www.forexfactory.com/attachme...3&d=1310647330
For this strategy, Do u use H4 time frame to look for direction/trend
And then H1 to look for entry point?
I would also like to know that do we also need to look at D1 for direction/trend?

For your following trade record link, did you look at H4 for direction/trend and H1 for entry point?
http://www.forexfactory.com/attachme...1&d=1310632624
I would be very appreciate if you could share/explain your timeframe analysis technique.

Many Thanks

Hi, I downloaded the Shi file and installed it in my MT4 but some of the indicators are not working. please help

Having the same issue ?

Sarju

Those indicators for older mt4 version, you need to find modification for new mt4 build, or you have to use prog to fix indicators

people say, shi channel indicator repaints... dont have it though